Question: On January 1 , 2 0 2 5 the inventory of grouse Inc. was $ 1 . 6 million in 2 0 2 5 grouse

On January 1,2025 the inventory of grouse Inc. was $1.6 million in 2025 grouse purchased $3.2 million of merchandise and recorded sales of $4 million the gross profit rate on these sales was 25% what is the inventory of gloss at December 31,2025 using the gross profit method method

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